In the 2nd quarter, Harel Insurance Investments & Financial Services Ltd. made a significant move by acquiring a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC), according to its recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,103 shares of the company’s stock, valued at approximately $260,000.
Marriott Vacations Worldwide recently announced its earnings results for the quarter ended on August 2nd. The company reported earnings per share (EPS) of $2.19, falling short of analysts’ consensus estimates of $2.81 by ($0.62). Despite the miss, Marriott Vacations Worldwide maintained a net margin of 7.81% and a return on equity of 17.65%. The firm generated revenue of $1.18 billion during the quarter, slightly below the consensus estimate of $1.24 billion. In comparison to the same quarter last year, which saw an EPS of $2.87, the company experienced a slight decrease in revenue growth with 1.2% increase year-over-year.
Several research firms have provided their analysis on Marriott Vacations Worldwide’s stock performance. StockNews.com initiated coverage on the stock and assigned it a “hold” rating on Thursday, August 17th. Furthermore, TheStreet downgraded Marriott Vacations Worldwide from a “b-” rating to a “c+” rating in their research report on Friday.
Additionally, Barclays revised their price target for Marriott Vacations Worldwide from $174.00 to $131.00 and indicated an “overweight” rating for the stock in their research update published on August 4th. Truist Financial also lowered their price target from $219.00 to $190.00 while offering a “buy” rating in their report released on August 11th.
Based on data obtained from Bloomberg.com, it has been observed that the average rating for Marriott Vacations Worldwide is reported as “Moderate Buy” with an average target price of $181.17.
These recent developments provide a snapshot of Marriott Vacations Worldwide’s financial performance and investment attractiveness. Investors may find these insights valuable when considering their options in the market.
Avid Technology, Inc.
Updated on: 05/12/2023
Debt to equity ratio: Strong Sell
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Sell
DCF: Strong Buy
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Investor Activity and Stock Performance of Marriott Vacations Worldwide
Marriott Vacations Worldwide Co., a leading global hospitality company, has undergone modifications in its holdings by various hedge funds and institutional investors. Creative Planning, for instance, raised its holdings in Marriott Vacations Worldwide by 2.7% during the fourth quarter of last year. This translates to an additional acquisition of 133 shares, bringing their total ownership to 5,022 shares with a value of approximately $676,000. Similarly, Commonwealth of Pennsylvania Public School Empls Retrmt SYS saw a 10.7% increase in its holdings in Marriott Vacations Worldwide during the same period. The institution now possesses 17,239 shares valued at $2,320,000 after acquiring an extra 1,663 shares.
Westpac Banking Corp substantially augmented its holdings in Marriott Vacations Worldwide during the first quarter of this year by 61.2%. The bank now owns an impressive 31,392 shares worth around $4,234,000 following an additional purchase of 11,921 shares. MQS Management LLC also entered the scene in the first quarter and invested approximately $981,000 in Marriott Vacations Worldwide.
Bessemer Group Inc., on the other hand, saw a remarkable increase of almost 60% in its holdings during the first quarter. Their complete acquisition amounts to a staggering number of 19,302 additional shares valued at $6.95 million.
Interestingly enough, approximately 83.27% of Marriott Vacations Worldwide’s stock is currently owned by hedge funds and other institutional investors.
As for Marriott Vacations Worldwide’s stock performance on September 26th last month when these data points were taken into account: it opened at $97.59 on that particular Tuesday. The company’s stock exhibited a significant fluctuation between a one-year low of $96.86 and a one-year high of $165.85.
Furthermore,the average price on which trading firms base their ratings for Marriott Vacations Worldwide, commonly referred to as VAC, is $181.17. This figure was obtained from Bloomberg.com and suggests a “Moderate Buy” rating for the company.
Several research firms have expressed their views on Marriott Vacations Worldwide. For example, StockNews.com initiated coverage on the company with a “hold” rating in August 2023. TheStreet downgraded Marriott Vacations Worldwide from a “b-” rating to a “c+” rating just last month. Barclays also revised its price target downwards, from $174.00 to $131.00, while maintaining an “overweight” rating.
Marriott Vacations Worldwide announced its quarterly dividend, which will be paid out on Thursday, October 5th. Shareholders of record as of Thursday, September 21st will receive a dividend of $0.72 per share, resulting in an annualized dividend yield of 2.95%. The ex-dividend date is Wednesday, September 20th.
In terms of recent insider activity within the company, CFO Anthony E. Terry purchased 1,800 shares in early August at an average price of $113.55 per share for a total transaction amounting to approximately $204,390. Following this acquisition, Terry’s holdings now stand at 13,087 shares worth around $1,486,028.
Moreover, CEO John E. Geller Jr., acquired 5,000 shares of Marriott Vacations Worldwide’s stock at an average price of $112.84 per share during the same period as Terry’s purchase. As a result of this transaction, Geller’s ownership increased to roughly 43,323 shares valued at around $4,888,567.
It should be noted that these disclosures were made in filings with the Securities & Exchange Commission (SEC), which can be accessed through their official website.
All in all,a high degree of perplexity surrounds Marriott Vacations Worldwide’s recent stock movements and the decisions of hedge funds and institutional investors. These developments, alongside the changing ratings and reports from research firms, indicate a potential shift in the company’s market position. Investors and industry analysts will closely monitor these changes to determine the future trajectory of Marriott Vacations Worldwide.